Core Viewpoint - The company announced the first notice regarding the repurchase of its convertible bonds, "Dazhong Convertible Bonds," allowing bondholders to sell their bonds back to the company under specific conditions [1][2]. Summary by Sections Repurchase Terms Overview - The repurchase price is set at 100.644 RMB per bond (including interest and tax) [1][8]. - The conditions for repurchase will be met on April 3, 2025, with the repurchase application period from April 9 to April 15, 2025 [1][2]. - The funds will be credited to the issuer on April 18, 2025, and the payment to investors will occur on April 22, 2025 [1][13]. Reasons for Repurchase Activation - The activation of the repurchase clause is due to significant changes in the implementation of the fundraising projects compared to the commitments made in the prospectus [4][5]. - The company has decided to expand the capacity of a lithium resource recovery project and adjust the use of remaining funds from other projects [4][17]. Repurchase Rights - Bondholders have the right to choose whether to sell back their bonds, and this repurchase is not mandatory [9][10]. - The repurchase can be for either part or all of the bonds held that have not been converted [9]. Repurchase Process and Payment Method - The company will announce the repurchase results and its impact within seven trading days after the repurchase period ends [13]. - During the repurchase application period, the bonds will continue to trade but will be suspended from conversion [10][18]. Additional Information - The bonds were issued on August 17, 2022, with a total of 15.2 million bonds at a face value of 100 RMB each, raising a total of 15.2 billion RMB [16][17].